SIMswapping

SIMswapping is a type of fraud that involves the unauthorized transfer of a victim's mobile phone number to another device. This is typically achieved by exploiting vulnerabilities in the mobile network or by tricking customer service representatives into transferring the number. Once the number is transferred, the fraudster can intercept calls, texts, and other communications intended for the victim. They may also use the number to gain access to online accounts, make fraudulent purchases, or conduct other malicious activities. SIMswapping can have significant financial and personal consequences for victims, including unauthorized charges, identity theft, and loss of control over personal communications. To protect against SIMswapping, individuals should use strong, unique passwords for their accounts, enable two-factor authentication, and be cautious when sharing personal information. Mobile network providers and regulatory bodies are also working to enhance security measures and detect and prevent SIMswapping incidents.